ᐅ Additional Costs When Purchasing a Plot of Land – Property Tax?

Created on: 15 May 2016 01:09
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Henrik0817123
Hello,

we are currently considering building a new house, and I have just learned that besides the additional costs when purchasing a plot of land and the usual monthly utility costs for energy, water, waste, etc., there is also the so-called property tax...

The calculation doesn’t seem straightforward and varies depending on the location, but is it theoretically possible that this could amount to several hundred euros per month?

We plan to build about 160 sqm (1,720 sq ft) of living space over two floors on a 700–900 sqm (7,535–9,688 sq ft) plot in North Rhine-Westphalia (Essen, Wuppertal) – I hope I might have made a mistake somewhere in my calculations... If not, this could really be a dealbreaker for many, since that would mean substantial additional costs?
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Sebastian79
16 May 2016 11:41
Two weeks ago, our newly built house was broken into, and I’m very glad to have household insurance.

It is the only insurance that covers the replacement cost.

Are natural hazard damages included for just a few euros per year? I would definitely check the coverage details very carefully... usually, it’s nothing substantial.
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Legurit
16 May 2016 11:53
Has your newly built house been broken into? You don’t even live there yet, do you?
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Legurit
16 May 2016 12:09
This is really rubbish. There are some real idiots out there...
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Sebastian79
16 May 2016 12:40
Well – three days ago, a group of known Romanian criminals was scouting the area...

Even the beautiful, peaceful countryside is affected.

I have finally ordered security locks.
ares8316 May 2016 12:44
There is quite a lot to steal there as well; you can take the copper pipes from the walls, maybe there is already a heating system installed, tools, etc., usually still present too. Home insurance seems like a sensible option that doesn’t cost a fortune.
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Sebastian79
16 May 2016 12:47
Yes, my beloved tool... over 3,000 euros in damage...

Saturday midday...